China S Mobile Robots Attract Big Money
The funding is part of a broader narrative playing out in China, where the domestic robotics sector has soared thanks to an onshoring push by the government and heavy investment in the country’s tech sector. Since 2016 the country has nearly tripled its output of robots by unit. Meanwhile, Chinese robotics developers have seen more than 40% year-on-year revenue growth. In general, the robotics market is hot right now thanks to heavy demand and labor disruptions partly brought on by COVID-19; however, the growth of the Chinese robotics sector marks a major shift over the past five years globally....